tv On the Money NBC April 26, 2015 5:00am-5:31am EDT
welcome to "on the money". a superwoman telling everyone to slow down, the lessons huffington learned about news, business and life. meet the retailer ready to cash in on spring time fun. move over organic. and when should you borrow or cash? master the dos and don'ts of this. "on the money" starts now. >> this is "on the money" your money, your life, your future. >> here is a look at what is making news. technology investors have reason to smile. the nasdaq hitting an all-time high on thursday and closing the week higher. the milestone eclipsed the
previous high set at the peak of the boom. the index is up about 22% over the past year. the markets closed higher on friday. sales of new single family homes fell in march by more than 11%. that is the biggest percent drop since july 2013 after three straight months of gains. new home sales dropped the most in the northeast followed by the southern region. comcast is ending the $45 billion merger with time warner cable amid antitrust concerns and growing opposition of the deal. the proposed merger would close unacceptable risk. the apple watch has launched globally. if you preordered online shipments are arriving. a few luxury boutiques have the smart watch available in store.
apple will report earnings on monday. sh transfo the news business, written 14 books and one of the most commentators. arianna huffington. i want to thank you for being here. >> you are somebody who saw what was happening in news before anyone else did. the hu"huffington po changed how we use media. ten years into this it has been a phenomenal success. what do you think is the next stage for the media business? >> the big trend over the last ten years waw moving us from just presentic the news and information to participation, to engagement, to getting our viewers and readers involved i think this is going to escalate over the next ten years and also every media company will have to be global because the
conversation has become global. and yet one thing that is so interesting to me is that most of the solutions are local. so we just launched this big initiative. i think more and more media companies will be doing something similar called what's working which is basically reimagining journalism to focus not just on crisis and problems that we are going to continue covering relentlessly but also on solutions. >> you have opened the doors where everyone has a voice through the "huffington post." you have people basically contributing for free. you can make a profit while they are not. a lot of people have no problem much content on the site. is that the way it is going to be in the future? >> i think it is actually a combination. we are moving more and more hybrid. we have a robust journalistic enterprise. we are very well paid reporters,
editors, engineers running everything across the world. and we have a platform. the platform is available for anyone who wants to use it if they want to use it and if something is there. that is what is meant that we have universities and actors and directors and you blogging. but this is something now that everybody is doing. principal of qualig and what people get is distribution and exposure. but i'm here because my message out. people like to h that's why they come site. >> you jus in paperback
people about strikin between work and priva that's a really hard thing to do. you are able to do it right now and everything you say makes perfect sense to me but i still struggle when it comes to actually following up and doing it. i know what you are saying is ight. scientific end notes here that show that in fact when we take care of ourselves like sleep enough, meditate o practice we'll be better at our job. so t dilution that it is succeed, and now the how do we get to kno good for us and doin created this e-course with oprah that people can check out. >> what was the defining moment
time for this? >> eight years ago i from sleep deprivati exhaustion, and i broke my cheek, and too, i had to ask is by any sane definiti up in a pool of blood and nobody has shot you you are not successful. that is when i started looking at scientific findings that show we have gotten it wrong and this idea that the only way to succeed by burning out is completely false. look to for politica. we have a presidenti coming up and shaping up and starting to see candidates who. what do you think will be the primary focus through this election seaso different than what .
i think it will be w to the middle class, the stagnation that we are seeing. even though things are much better as you know things are not really what they need to be in terms of productivity and wages and investment in our infrastructu need to be doing. i think that is wher should be. >> thank you so much us and congratulatio ten years coming up amazing to watch. >> thank you so much up next we're "o money." america's national p 100 this year. we'll meet the ceo of the outdoor retailer partnering and donating to the national parks service. a new movement wants you to love and eat ugly foods. as we go to a break take a look at how the stock a part of what standardized
tests don't measure, very frankly, they don't measure the diligence, the potential passion of a student. so it's really a measure of how adept you are to working out a problem quickly. but what if you're brilliant and it might take you twenty minutes, but you can figure out something, if you were just given time to do it and show real brilliance. is that a real measure of ability and intelligence?
what you can do in one minute on a problem? get out of here. rei was the bene the cold snowy winte the country this year. revenue surged. equipment inc has a business model. it is a co-op with 5 members. rei president and ceo thank you for joining us today. >> the conversation. cooperative model. it is different from most retailers. >> we are owned by our members. it is a member-owned organization. we define success differently. we run our business
membership objectives. for us that is about delivering compelling outdoor experience. cooperative, i can b member by paying $20 that get me? >> it is a lifetime in the co-op. the important part is you become a part of the community that is focused on the outdoors. it's an amazing location for gear. membership. this year we gave 75% of the profits back to co-opmembers as a dividend. if you love the outd getting money back is always amazing. >> the way i i get 10% back of ev that i purchase on f the form of a divide >> yes, it varies depending on how deeply discounted the product is. mo calcu that we use to figure out how to give
profits back to the e by 4.2%, and what yo about, the dividend sharing and being part of a community is interesting. is it something that is privately held company can do or are you able to do this because you are priv being a co-op. we function with a l horizon. having been a leader publicly traded compan long time, the long perspective and focu best interest of the something that i think all companies should do but the model creates a unique opportunity for us to do that. >> you came here fro victoria's secret. what is different wi model versus where you were before? companies. what is amazing about the co-opis we had the ability to
define success differently. it is a longer term horizon. we think a think about our empl think about the outd and we hold ourselve accountable on a typical metric that businesses look at. leader was an idea t on a long term basis where do we want rei years from now? >> let's talk about that you're seei. where are you seeing in added sales for d outdoor activities? categories. the camp, hike, trai those things that we involved in for 75 y very strong right no i think it is a culm urban environment. tighter space more in the city enviro
and getting outside, a makes these activiti compelling. >>oc climbing versus sales of tents? >> climbing has done well but i say hiking, trail running, tents, camping, backpacking have all done incredibly well this year. >> i know you are partnering with national parks service. what will your members get at the parks this year? >> w the co-op starts in park. we're investing a si amount of resources infrastructure of national parks which we think is incredibly important.
large outdoor educat do programs and 35 new programs to t into the outdoors. we're getting people areas that may not have a diverse audience that may not get into the parks naturally. >>. thank you for join. >> you bet, thank yo next up, we're " money, that vegetabl delicious or so they tell me. thinkin about ugly t wants to foods. and the big d word, debt. find out when to take it out and eben to pay it off.
goes uneaten and about 20% of all produce is wasted because it is not perfect in appearance. dana cow called "love ugly fo the numbers are stun uneaten. >> yes, from farmers pick things up from and the person at ho tosses food in the gar it's staggering. there are farmers who say in the tomato season 22,000 pounds every 40 minutes are tossed because they are imperfect, just the way they look, not in the way they taste. graduation between d bruised, but i imagi stuff that bugs got squishy. >> yeah, and those s taken out, we're tal
what we consider t aesthetic y beautiful. things that are bent. if you have a bent zucchini you can't sell it. to the grocery sto don't see many poo that are not perfect. >> the grocery store competing and they c beauty. like that pile of or >> i find myself drawn to the stores with the most gorgeous looking produce. inside these vegetan only on the outs >> it started in eur just first become aware of it? >> i became aware because of the chefs who took an ancient carrot and turned it into a vintage carrot and all of a sudden it was delicious. in france there is a market
called intermarche. they sold the ridiculous potato and the stale lemon and compared food made from the produce with the perfect ones. and you couldn't tell the difference. a smoothie made with an ugly apple or beauty apple it tasted the same. they prove to the consumer that ugly was good and cheaper. and so this is taken off all around the world but not in the u.s. which is one reason we need markets to pay attention. >> what is your goal of the campaign? >> change people's perception so when they see a carrot that may look a little imperfect -- a little roughed up. >> they say i can't use this but let me transform it. >> this is not that bad. if you chopped off the end of
it. >> i would scrape it. >> that's going to be good. >> it's good advice. i had no idea the numbers were that bad. thank you for joining us. >> thank you. up next a look at the news for the week ahead. and it takes money to make money. at what cost? don't miss how to tell the difference between good debt and
for more on our show and our guests you can go to our website and follow us on twitter. here are the stories coming up that may impact your money. earnings results are expected from apple, ups, visa, mastercard and exxon mobil. tuesday kicks off meeting on u.s. monetary policy. on tuesday the schiller index t hearing oral arguments on reme same-sex marriage and. on thursday unveiling latest tesla products, home battery and large utility scale battery. on friday new car sales for
april. overall americans household debt on decline sincehe peak of the financial crisis but still totalled nearly $12 trillion. that is a huge bill. when it comes to your money and your future not all debt is created equal. joining us is personal finan correspondent on the difference between the good and the bad when it comes to debt. how do you know the difference? >> the thing to think about is if it will improve your life thinking about going back to school or a college degree, student loans, buying a new home or mortgage. debt that will stay with you make you poor, keep occurring and all of that, that is considered bad debt and that is like credit cards and things like that. >> that's a big difference between these things. maybe you should think of it from instant gratification. >> that is the best way to think about it. a lot of folks say i really need these shoes. but that's probably not true. when it comes to getting that
college education that is something that you really need. if you want to make sure your return on investment is strong here. you don't want to burden yourself with too much debt. same with buying a home. you don't want to buy more than you caafford wh y need to take out a loan to have these things then that is good debt. >> are there other debts that are out there, too? >> i like a new book called the value of debt in retirement and looks at enriching debt when you have a mortgage and thinking do i pay this off or do i now use that money to invest in my retirement for exa re account. you have to look at where theh interest you could get if you put the money to work elsewhere perhaps inmarket people need to think about there may be ways to have almost enriching debt when the interest ra lower than the return you can get. >> great point given where interest rates are today. you have to think about tax
implications. if you pay off your mortgage you are no longer giving -- >> absolutely. >> so if you are watching this and you have debt where should you go about starting trying to get out of it or figure out what you have now. >> first don't hang up when the creditor calls. rate is. out what the highe usually that will be a credit card. average 14%. you want to widdle that down as fast as possible. you want to talk to a nonprofit credit counselor and figure out if you have the right kind of plan in place. and the national foundation is a great place to go. thank you so much. >> that's the show for today. i'm becky quick. next week we will be in omaha where share holders are meeting and markinth year of warren buffett in th
no power, no water, and more aftershocks. 24 hours after an earthquake, nepal continues to shake and the death toll continues to rise. a child care center and school closes without warning in montgomery county, leaving parents with a lot of questions, like, what to do with their kids come tomorrow. a cool, cloudy start to our sunday, but the sun will make its way out today. the details are straight ahead in the first alert forecast. good morning. this is nbc 10 news today. i'm rosemary connors. it's 5:30 on this sunday. meteorologist brittney shipp is tracking the chilly conditions outside right now. and brittney, you'll definitely need a jacket when you step oue.